Charitable gift: Walmart (NYSE: WMT) director donates 394,000 shares

Rhea-AI Filing Summary

Walmart Inc. director Steuart L. Walton reported a charitable stock gift. On March 6, 2026, he made bona fide charitable gifts of 394,000 shares of Walmart common stock, reported at $0.00 per share.

After the gift, he directly owned 79,771.574 shares of common stock. He also reported indirect ownership of 93,654 shares held by his spouse.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Walton Steuart L

(Last) (First) (Middle)

1 CUSTOMER DRIVE

(Street)

BENTONVILLE AR 72716

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Walmart Inc. [ WMT ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
03/06/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common	03/06/2026		G		394,000	D	$0(1)	79,771.574	D
Common								93,654	I	By spouse

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. On March 6, 2026, the Reporting Person made charitable gifts of 394,000 shares of Common Stock.

Remarks:

	/s/ Jennifer F. Rudolph, by power of attorney	03/06/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transaction did Walmart (WMT) director Steuart L. Walton report?

Steuart L. Walton reported making bona fide charitable gifts of 394,000 shares of Walmart common stock on March 6, 2026. The transaction was coded as a gift, not a market sale, and was reported at a price of $0.00 per share.

How many Walmart (WMT) shares does Steuart L. Walton own after the reported gift?

Following the charitable gift, Steuart L. Walton directly owned 79,771.574 Walmart common shares. The Form 4 also shows indirect ownership of 93,654 additional shares held by his spouse, reflecting both his direct and reported indirect holdings after the transaction.

Was the Walmart (WMT) insider transaction a sale or a charitable gift?

The insider transaction was a bona fide charitable gift, not an open-market sale. The Form 4 uses transaction code G, describing charitable gifts of 394,000 Walmart common shares at a reported price of $0.00 per share on March 6, 2026.

Does Steuart L. Walton report any indirect ownership of Walmart (WMT) shares?

Yes. In addition to his direct holdings, Steuart L. Walton reports indirect ownership of 93,654 Walmart common shares held by his spouse. This indirect position is classified as indirect ownership on the Form 4, separate from his directly held 79,771.574 shares.

What does transaction code G mean in the Walmart (WMT) Form 4 filing?

Transaction code G on the Form 4 indicates a bona fide gift. In this case, it reflects Steuart L. Walton’s charitable transfer of 394,000 Walmart common shares, reported at $0.00 per share, rather than a traditional purchase or sale in the open market.